EURCHF - LONG @ Fib Retracement 0.5 - 0.618
As we can see, EURCHF has broken out of its downward trend, by using the Elliot Wave Theory we can determine that a corrective Wave 2 is currently forming.
Once we see this retracement hit FIB levels 0.5-0.618 we can then safely place a BUY TRADE between 1.60300-1.60250 to prep for the impulsive wave 3.
Once we see this retracement hit FIB levels 0.5-0.618 we can then safely place a BUY TRADE between 1.60300-1.60250 to prep for the impulsive wave 3.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.